Previous close | 30.85 |
Open | 29.25 |
Bid | 30.80 |
Ask | 35.00 |
Strike | 145.00 |
Expiry date | 2024-06-21 |
Day's range | 30.85 - 30.85 |
Contract range | N/A |
Volume | |
Open interest | 515 |
Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 23% in its Wall Street debut on the New York Stock Exchange. The Denver company, founded by lawyer Bryan Leach in 2011, works with more than 850 different clients and represents 2,400 consumer packaged brands, according to its prospectus filed with the U.S. Securities and Exchange Commission. Walmart, Family Dollar, Kroger and other major retailers use Ibott's artificial intelligence-enabled software, which delivers promotions that match customers' purchasing behavior.
(Bloomberg) -- Ibotta Inc. shares climbed as much as 34% after the digital marketing software firm and a group of shareholders raised about $577.3 million in an initial public offering priced above a marketed range.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsSh
Ibotta sold 6.6 million shares at $88 apiece in its initial public offering (IPO), raising $577.3 million. "We're going to use the proceeds of the IPO to build out the AI-enabled technology to provide richer set of capabilities for our advertisers, who want to be able to reach large audiences," Ibotta CEO Bryan Leach told Reuters in an interview. Ibotta provides a platform for consumer brands to deliver promotions to customers and offer cash-back rewards on their everyday purchases.